The bill: regulates poker machine use by requiring that poker machines: must not accept banknotes with a denomination greater than $20; must not accept certain additional credits; must not allow a bet in excess of $1 per spin; and must not have a jackpot or a linked-jackpot arrangement greater than $500; and imposes penalties for a contravention of these requirements. Also provides: that the minister takes all reasonable steps to implement uniform national standards for poker machines in relation to harm minimisation, with particular reference to maximum losses, to take effect from 1 January 2015; and for the establishment of a national monitoring network.

The bill: establishes a Regulator of Medicinal Cannabis to be responsible for formulating rules and monitoring compliance with those rules for licensing the production, manufacture, supply, use, experimental use and import and export of medicinal cannabis; and provides for a national system to regulate the cultivation, production and use of medicinal cannabis products, and related activities such as research.

to: establish the Australian Reconstruction and Development Board as the third Board within the Reserve Bank of Australia; and provide for the functions, membership, meetings and other administrative arrangements of the board, including resolving any policy differences between the three boards.

to enable the Commonwealth to recover the cost of membership fees to international commodity organisations and regional fisheries management organisations from the matching amounts paid to rural research and development corporations (RDCs);

Australian Meat and Live-stock Industry Act 1997

,

Dairy Produce Act 1986

,

Forestry Marketing and Research and Development Services Act 2007

and

Sugar Research and Development Services Act 2013

to remove the tabling requirements for certain documents; and

Primary Industries Research and Development Act 1989

to remove the requirement for the minister to organise an annual co-ordination meeting for RDC chairs.